SunTrust Banks Analysts Boost Earnings Estimates for First American Corporation (The) (NYSE:FAF)

First American Corporation (The) (NYSE:FAF) – Equities research analysts at SunTrust Banks upped their Q3 2017 earnings per share (EPS) estimates for First American Corporation (The) in a note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will earn $0.97 per share for the quarter, up from their previous estimate of $0.90. SunTrust Banks also issued estimates for First American Corporation (The)’s Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.44 EPS, Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $0.94 EPS and FY2018 earnings at $3.52 EPS.

First American Corporation (The) (NYSE:FAF) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.18. First American Corporation (The) had a net margin of 6.38% and a return on equity of 12.22%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “SunTrust Banks Analysts Boost Earnings Estimates for First American Corporation (The) (NYSE:FAF)” was originally posted by BNB Daily and is the property of of BNB Daily. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/19/suntrust-banks-analysts-boost-earnings-estimates-for-first-american-corporation-the-nysefaf-updated-updated.html.

Several other research firms also recently commented on FAF. BidaskClub raised shares of First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price target on shares of First American Corporation (The) in a research note on Wednesday, April 19th.

Shares of First American Corporation (NYSE FAF) opened at 48.41 on Monday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 14.67 and a beta of 0.72. First American Corporation has a 12-month low of $35.28 and a 12-month high of $49.48. The firm’s 50-day moving average is $45.32 and its 200-day moving average is $41.26.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of First American Corporation (The) by 3,956.3% in the first quarter. BlackRock Inc. now owns 9,926,367 shares of the insurance provider’s stock valued at $389,909,000 after buying an additional 9,681,653 shares in the last quarter. State Street Corp boosted its position in shares of First American Corporation (The) by 3.7% in the first quarter. State Street Corp now owns 3,541,023 shares of the insurance provider’s stock valued at $139,091,000 after buying an additional 126,125 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of First American Corporation (The) by 5.1% in the second quarter. Fisher Asset Management LLC now owns 1,479,732 shares of the insurance provider’s stock valued at $66,129,000 after buying an additional 71,581 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of First American Corporation (The) by 37.1% in the second quarter. Hamlin Capital Management LLC now owns 1,411,501 shares of the insurance provider’s stock valued at $63,080,000 after buying an additional 382,145 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in shares of First American Corporation (The) by 0.4% in the first quarter. Anchor Capital Advisors LLC now owns 919,026 shares of the insurance provider’s stock valued at $36,099,000 after buying an additional 3,676 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

About First American Corporation (The)

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

Earnings History and Estimates for First American Corporation (The) (NYSE:FAF)

Receive News & Ratings for First American Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply